Riflescope Market | Global Survey, Trends, Outlook and Forecast to 2025

Market Forecast

The Riflescope Market is projected to be valued at USD 6.29 Billion by 2025, registering a CAGR of over 3.41% from 2019 to 2025. Market growth can be attributed to the demand for riflescopes in shooting sports and hunting. Furthermore, innovations in the field of optics are expected to positively impact market growth. Riflescopes are also used in the military by snipers and ground troops. A rise in government investments in the upgrade of armaments is projected to fuel market growth during the forecast period.

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Key Players

Aimpoint (Sweden), BSA Optics (US), Burris Company (US), Bushnell (US), Carl Zeiss AG (Germany), Eotech (US), FLIR Systems (US), Hawke Optics (UK), Hensoldt (Germany), Leica Camera (Germany), Leupold & Stevens, Inc. (US), Nightforce Optics, Inc. (US), Nikon Corporation (Japan), Primary Arms LLC (US), Schmidt & Bender GmbH & Co. Kg (Germany), Sig Sauer (US), Steiner (US), Trijicon, Inc. (US), US Optics (US) and Vortex Optics (US)

Growth Opportunities in the Market

Dominance of telescopic riflescope in Riflescope Market: The telescopic segment accounted for the larger market share in 2020 and is expected to remain dominant during the forecast period. The segment accounted for over 43% of the global market share. Telescopic rifle scopes offer a magnified view that enables users to shoot at long ranges and assist in target identification.

Thermal imaging segment to dominate Riflescope Market: The thermal imaging segment led the market in 2020 with a value of approximately USD 890.4 million. The use of thermal imaging riflescopes by the military during covert operations is expected to drive the growth of the segment. The military modernization programs undertaken by the governments in countries such as the US, China, and India are further projected to fuel the demand for thermal imaging riflescopes.

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